The price of energy has been manipulated for two years: stangled to families, 5 billion profits for producers

Nevertheless,

Price energy been manipulated two:

The adjustment authority for energy networks. In addition, environment (Aretra) has published in recent days an important investigation into the functioning of the wholesale electric market for the two-year period 2023-2024. Moreover,

The investigation was born from the comparison between the prices of Italian energy. However, the strange surge in the post Covid period, and the relationship (here the link to download it) confirms the presence of anomalous conduct by some operators, in particular phenomena of “economic detention of capacity”, which They contributed to altering energy prices, with a direct impact on final costs.

To reach these conclusions, the authority followed a rigorous methodology in three phases. Furthermore,

First of all. Therefore, indicators were developed to compare market prices with the actual marginal costs of production for the main technologies (gas, wind and photovoltaic). Nevertheless, The presence of significant deviations. Furthermore, price energy been manipulated two or much higher costs than costs, He made a first alarm bell ring, suggesting the need to deepen.

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Subsequently he sought the cases in which a manufacturer offered his energy at such a high price as not to be accepted by the market, despite having production costs less than that price. Nevertheless,

Finally he calculated what the market price would be if all operators had behaved purely competitively (offering energy to their marginal cost): it emerged that someone was not said who. Moreover, He did 5 billion profits with this trick.

How the energy market works in Italy

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This said it could seem a little complex, but we try to explain better starting from the way in which the price of energy is decided in Italy.

The market of the day before (MGD) is the main wholesale energy market. It is called this because every day it is price energy been manipulated two established how much energy it will take for the next day: the producers (gas plants. wind, photovoltaic …) make sales offers and consumers (or rather distribution companies) make purchase offers. The GME (Energy Market Manager) crosses supply. demand for each hour of the next day fixed now for now, area for the price area.

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The price is based on the mechanism of the “marginal price”, which is similar to an inverse auction: the central ones make offers with quantities and price for each hour, all offers are ordered from the cheapest to the cheapest and the most expensive and the offers are accepted starting from the lowest, up to cover all the demand.

The final price (for everyone) will be that of the last control unit needed to satisfy the applicationand this. is the trick used by those who have speculated.

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Even if a control unit offered energy price energy been manipulated two for € 30/MWh, if the last accepted (marginal) offer is set to € 100/MWH all MWH are paid € 100/MWH.

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Natural gas plants are often marginal ones because they are more expensive to make work: they only come into operation when the renewables and the less dear plants are not enough. If the gas costs more, energy costs more for everyone even if produced by sun or wind, which cost less.

Arera discovered that Some producers reduced the offer on purpose (i.e. they did not offer all real capacity) To increase the marginal price: in this way they earned more also. for the energy produced at low cost.

It is a strategy called “WithHholding” (retaining capacity). considered manipulation of the market if done with willful misconduct and the Europe Commission forbids it if it only serves to raise the prices artificially. It is granted only for technical reasons, price energy been manipulated two such as central wing faults or need to turn off turbines for repairs.

Price energy been manipulated two

Illegal practices: 25 euro cents more per kWh

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The investigation confirmed the presence of with worlding practices that engraved on price formation. For gas plants these practices were detected in at least 30% of the hours both in 2023. in 2024 which caused a rise in prices in about 28% of the hours in 2023 and in 25% in 2024. In the hours concerned. The price was on average higher than 17-22 €/MWh in 2023 and 15-24 €/MWh in 2024 compared to what would have been in conditions of full competition.

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For wind and solar technologies, detention practices have been more frequent than gas, however their impact on the final price was less, with an average difference between real and simulated price between € 5-9/MWH in 2023 and 1-2 €/MWh in 2024.

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Arera has now decided to continue the analyzes to evaluate, on a case -by -case basis, the possible absence of legitimate justifications from the operators. If the sanctions will not arrive, and this point will be able to pay those who made Italians 0.25 cents to the Kwh plus the current in recent years by earning stellar figures.

Further reading: from air conditioning to water, where the danger is nestledStab the father in the bedroom, the mother calls 112 and makes him stopBorsa Italiana, the comment of the session of 4 July 2025Autostrade, in August surprise increase in tolls. But Salvini’s “reverse” arrivesConfesercenti: sales at the start, 800 million turnover in Campania – PMI.

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